US Cost of Housing Comparison

Mavric

Mavric

Yoda
Staff member
This is crazy. I knew there were variations. But I didn't realize it was this much.


DEphuiQUAAASgsj.jpg


 
I just saw that. (28% of Income) / 12 = monthly rent. Therefore the claim is that the following is 'needed' to pay rent in each city, rounding:

SF: $4200

NYC: $3800

Boston: $3200

LA: $2600

DC: $2400

Chicago: $2300

Seattle: $2000

Philly: $1560

..

Dallas: $1200

..

Phoenix: $960

I don't know -- "needed" is rather vague. It seems like a good way to blow the variation out of proportion (at both the top and the bottom). But maybe not.

 
Last edited by a moderator:
zoogs said:
I just saw that. (28% of Income) / 12 = monthly rent. Therefore the claim is that the following is 'needed' to pay rent in each city, rounding:

SF: $4200

NYC: $3800

Boston: $3200

LA: $2600

DC: $2400

Chicago: $2300

Seattle: $2000

Philly: $1560

..

Dallas: $1200

..

Phoenix: $960

I don't know -- "needed" is rather vague. It seems like a good way to blow the variation out of proportion (at both the top and the bottom). But maybe not.
Click to expand...
I can confirm $4200 for San Fran area. My last company wanted me to move there, and I found another job instead. The prices and the traffic are insane.

 
I live in the North Tampa area, and prices are getting close to pre-crash numbers. We're not sure what we're doing long term, so we've been renting right for the past few years, and for our size home (2300sqft, 4 bed) prices have gone from about $1400 3 years ago, to $1900 or higher. Even a 2 bedroom apartment is no less than $1000 for anything that's not a dump.

 
Last edited by a moderator:
I grew up in Chicago and it is insane. Best friend lives in LA and pays out the butt for a 1 bedroom apt.

Lots of people looking to the SE now with "nice" weather and lots of land and cheaper houses.

 
This is why a blanket minimum wage or living wage law is either impossible or very vomplicated to implement.

I know people in central nebraska with much less income living in a nice 2-3 bedroom home.

$15 per hour might sound ok in Seattle but not for central Nebraska.

 
BigRedBuster said:
This is why a blanket minimum wage or living wage law is either impossible or very vomplicated to implement.

I know people in central nebraska with much less income living in a nice 2-3 bedroom home.

$15 per hour might sound ok in Seattle but not for central Nebraska.
Click to expand...
Unfortunately, the states have been terrible at implementing it themselves. With several states going as far as to ban higher minimum wages in their own cities. Damned if you do, damned if you don't.

 
I assume you're being sarcastic, but I 'looked it up. 8.75 in Jamaica, NY and 8.25 in Fort Worth.

But nobody on this board would be stoked about a $450k house in Jamaica NY.

 
You must log in or register to reply here.
Back
Top